The Harman Group (THG), a firm specializing in structural engineering and parking planning and design, announced that The Harper, a 275,000-square-foot, 25-story, mixed-use residential building in Philadelphia, will celebrate its topping off milestone on Aug. 10, 2018.
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced new residential construction statistics for May 2018.
"With single-family starts coming in below 900,000 and aggregate starts below 1,300,000, and despite double-digit percentage improvements over last year's results, this month's numbers are a bit disappointing," said Scott Volling, principal, PwC.
Nonresidential construction spending declined 0.3 percent in March, according to an Associated Builders and Contractors (ABC) analysis of U.S. Census Bureau data.
While March results for both housing starts and permits were strong, the residential market is facing a confluence of challenges including low inventory, constrained labor, and rising material costs, ultimately creating a growing bubble of pent up demand and affordability challenges.
Nonresidential construction spending inched 0.1 percent higher in February, according to an Associated Builders and Contractors analysis of U.S. Census Bureau data. Nonresidential spending, which totaled $732.8 billion on a seasonally adjusted, annualized basis, has expanded 1.3 percent since February 2017.
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for February 2018.
Nonresidential construction spending fell 0.1 percent on a monthly basis in January 2018, while year-over-year spending increased, according to an Associated Builders and Contractors (ABC) analysis of U.S. Census Bureau data.
Residential construction statistics for January 2018, announced by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, including building permits, housing starts, and housing completions, exceeded analysts’ expectations.